Crisis-hit Maldives secures $8.8bn Qatar investment

Three residential and office towers, a convention centre and hotels will form part of the Maldives International Financial Centre (MIFC), President Mohamed Muizzu's office said in a statement.
5 May 2025

'Bombshell' OPEC+ output hike hits oil price

The output increase of 411,000 barrels a day announced by Saudi Arabia, Russia and six other members of the oil cartel on Saturday added to concerns about over-supply.
5 May 2025

Warren Buffett to retire from Berkshire Hathaway

Influential billionaire investor Warren Buffett said Saturday he would retire from leading his Berkshire Hathaway business group by the end of the year and that he would recommend his chosen successor Greg Abel take over.
4 May 2025

The bigger picture: leveraging IMF engagement for lasting economic reform

It is worth looking beyond the immediate economic cost of the IMF loan
4 May 2025

Remittance rises 35% in April

Bangladeshi migrants sent home $2.75 billion in the month
4 May 2025

Warren Buffett to retire from Berkshire Hathaway after six decades

Influential billionaire investor Warren Buffett said Saturday he would retire from leading his Berkshire Hathaway business group by the end of the year and that he would recommend his chosen successor Greg Abel take over..Buffett's success, coupled with his ability to explain his thinking
4 May 2025

US solar tariffs could drive Asia transition boom

Southeast Asia accounted for nearly 80 percent of US solar panel imports in 2024.
4 May 2025

US Fed expected to pause cuts again and wait for clarity on tariffs

Trump has imposed steep levies on China, and lower "baseline" levies of 10 percent on goods from most other countries, along with 25 percent duties on specific items like steel, automobiles and aluminum.
4 May 2025

Apple expects $900m tariff hit, US iPhone supply shifts to India

Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and were disrupting its supply chain.
3 May 2025

Renata’s Q3 profit falls despite 16% jump in sales

The listed drugmaker made Tk 58 crore in the January-March quarter
3 May 2025

Patenga container terminal starts import container handling

So far, ships had been taking away export containers
3 May 2025

Trump's tariffs bite at quiet US ports

Trump's on-again-off-again tariffs -- and the retaliation launched by other countries -- has cowed importers, whose usual orders for furniture, toys, and clothing have dwindled.
3 May 2025

US ends duty-free shipping loophole for low-cost goods from China

Starting on Friday, goods shipped commercially will now be subject to new tariffs of 145 percent -- the current level of levies imposed on goods coming from China.
3 May 2025

US hiring better than expected despite Trump uncertainty

However, job creation was still well above the market consensus of 130,000, according to Briefing.com, and remained slightly above the average monthly gain over the past 12 months.
3 May 2025

How Trump’s tariffs could hit developing economies – even those not involved in the trade war

In early April, Trump said many countries had “ripped us off left and right” and declared “now it’s our turn to do the ripping”. His administration swiftly imposed sweeping tariff increases, with some of the highest rates falling on poorer countries like Laos and Lesotho.
3 May 2025

Remittance surges 37% in April

Migrants sent home $2.6 billion in the first 29 days of April
1 May 2025

Trump tariffs expose US weak flank in services

If an angry trading partner wanted to go for US President Donald Trump’s jugular, its head of state might make a speech something like this:
30 April 2025

Trump tempers auto tariffs, winning cautious praise from industry

Trump signed an executive order to limit the impact of overlapping tariffs on automakers.
30 April 2025

Trump’s low pain threshold limits economic damage

Donald Trump has shown he has a low pain threshold. The US president seems happy to bully those he considers weak. He does not seem so relaxed when there is a strong counter-reaction, especially from financial markets.
29 April 2025

HSBC sounds Trump tariff alarm

HSBC warned that loan demand and credit quality could suffer from the broader fallout of US President Donald Trump’s global trade war, signalling tougher times for trade-focused banks even as the lender’s first quarter profit beat forecasts.
29 April 2025